Donald Trump to declare national energy emergency, unlocking new powers

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Donald Trump to declare national energy emergency, unlocking new powers - Business Standard

Quick Summary:

The move is set to be among an array of actions Trump will take — starting hours after he’s sworn in on Monday — to deliver on campaign promises to boost domestic energy output.

It would mark a major shift in Washington, where environmentalists have for years been pressuring Biden to declare a climate emergency, using the proclamation to halt oil exports and, even, potentially, blunt domestic flows of crude.

Trump is widely expected use executive authority to lift a moratorium on new US licenses to export liquefied natural gas, making good on a campaign pledge to rescind the measure enacted by Biden and order his administration to roll back federal incentives for electric vehicles.